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During the quarter, the company reported a net profit of ₹2,231 crore up from ₹2,158 in the corresponding quarter of the previous year. Total revenue from operations also rose by 10% YoY to ₹32,042 crore up from ₹29,038 crore.

Of the 21 IPOs since December 1, 19 shares returned between 9% and 160% on their debut. After the positive start, 17 are trading below their opening prices.

The Reserve Bank of India initiated a Rs 20,000 crore liquidity infusion through an OMO purchase, accepting liquid and illiquid bonds to manage market sentiments. The operation involved purchasing papers at both premium and discount rates. A second liquidity measure and another OMO auction are scheduled. System liquidity has been in deficit since mid-December 2024.

BEL Q3 Results: BEL, a Navratna Defence PSU, reported a turnover of Rs 5,643.25 crore for the third quarter of fiscal year 2025, reflecting a 36.97% growth compared to Rs 4,120.10 crore in Q3 FY24. Profit before tax (PBT) for the quarter reached Rs 1,754.15 crore, marking a strong 49.64% increase from Rs 1,172.26 crore in the same period last year.

Indian markets extended gains for the third consecutive day, with Sensex up 200 points and Nifty closing near 23,250. Healthcare, realty, and energy stocks saw buying, while auto and IT lagged. Bajaj Finance, SRF, and Zensar Technologies hit fresh highs.

Indian markets closed higher for the third straight session, driven by gains in pharma and FMCG stocks. Nifty showed strong momentum but faces resistance near 23,300, with support at 23,200. Sensex rose 226.85 points, while Nifty gained 86.40 points.

The Moon and Saturn are in Aquarius, while the Sun and Mercury remain in Capricorn. Venus and Rahu stay in Pisces, and Jupiter continues in Taurus. Mars is in Gemini, and Ketu in Virgo. These planetary positions indicate mixed market trends, with movement — up or down — depending on Friday’s market opening.

Adani Power Ltd posted a 7.4% rise in consolidated net profit at Rs 2,940.07 crore for the December quarter, with revenue up 11% at Rs 14,833 crore. The company approved a Rs 5,000 crore fund raise via QIP and increased the NCD limit to Rs 11,000 crore.

Vedanta’s Q3FY25 YoY net profit growth is expected to be in high double digits, according to two brokerages, while one predicts a decline in the consolidated bottom line. Estimates from Kotak Institutional Equities, Nuvama Institutional Equities, and Antique Stock Broking vary, with Kotak the most bullish on revenue and PAT, while Antique holds the most conservative outlook.